From NJ Spotlight:
NEW NJ TRANSIT DIVISION TO TAKE ADVANTAGE OF HEFTY REAL ESTATE PORTFOLIO
New Jersey Transit is among the mass-transit agencies that rely the most on fare revenues, according to a recent audit, which suggested a hefty real-estate portfolio could be better leveraged to bring in more for the operating budget.
Several weeks after the release of the audit that raised this issue, Gov. Phil Murphy has signed into law a measure requiring NJ Transit to establish a new division that will concentrate solely on real estate, economic development and so-called transit-oriented development that is generally located within walking distance of train stations.
The new law also requires NJ Transit to provide both the administration and lawmakers a host of information about its real estate every year, including a full inventory of all agency-owned properties and projections of their revenue-generating potential.
“NJ Transit is the second largest landholder in the state, and there has never been a listing of all [its] properties,” said Assemblywoman Yvonne Lopez (D-Middlesex). “This will help us moving forward in determining how to allocate funding to ensure that there are no wasted dollars.”
NJ Transit officials hope the real-estate inventory and emphasis on economic development within the agency will generate more private-sector interest in developing agency-owned properties and ultimately create a new revenue stream that could ease the burden on riders. The new law is also drawing praise from smart-growth planning advocates as it is expected to encourage more innovative development around train stations in the type of walkable, “transit-oriented” communities that are in high demand among millennials.
…
“The information and recommendations NJ Transit will receive from the office’s analysis will prove valuable and assist them in efforts to strategically generate additional non-fare revenue sources moving forward,” said Sen. Linda Greenstein (D-Mercer).Putting a bigger emphasis on new development in communities located near or adjacent to NJ Transit train stations should also fit in with the broader approach to economic development and housing that the governor has sketched out as a key policy goal. Among the many new programs Murphy proposed during a major speech in Nutley last month is a new state tax-credit program that would seek to incentivize new investment in New Jersey’s cities, downtowns and aging suburban communities that are linked to mass transit.
Peter Kasabach, executive director of New Jersey Future, praised that vision and overall “strategic plan” after the governor signed the bill.
“New Jersey is seeing substantial demand for walkable downtowns, particularly those situated near and around transit, and the creation of an office of transit-oriented development within NJ Transit will be a great resource to help meet that demand,” Kasabach said.
Snooze you lose. From CNBC:
More than 2 million homeowners just missed their chance to save money by refinancing
Sometimes procrastination can cost you a lot of money.
Mortgage rates are nearly a full percentage point higher than they were at the start of this year. As a result, the number of borrowers who could have benefited from a refinance this year alone dropped by 56 percent, according to a new report from analytics firm Black Knight.
These borrowers missed out on average monthly savings of about $252.00.
With interest rates sitting near record lows a few years ago, millions of borrowers refinanced their home mortgages, saving billions of dollars in aggregate. But millions of borrowers didn’t, and now they can’t see those same savings.
Since 2016, when rates were at rock bottom, 5.9 million borrowers who could have benefited from a refinance did not apply for one. This year alone, 2.2 million who could have saved money with a refinance no longer can. The report only counted those who would likely have qualified, having high FICO scores and at least 20 percent equity in their homes.
“All told, that amounts to an aggregate of more than $1 billion in lost savings every month for these borrowers,” said Ben Graboske, executive vice president of Black Knight’s data and analytics division.
UH …..first
Pumps will be telling us all about his 15 year mortgage, once again, today. It would be a smart move if it wasn’t such a shitty highway house.
What the hell is NJ Spotlight? I’m so glad my trains are never going to be late or cancelled again. I think I’ll donate my cars to NJTransit!
Running over to LIC today to buy property. Who is with me? Arrive before the hoards, peeps. You’ll be retiring rich by sunset.
LOL! Hey Pumps – there is a new high speed, drive by image of your house on Google Street view. The garage door is open and there is an economy car inside.
Hahahahaahahahhahahahahaha
I took out a ~$600k mortgage in 2010. Paid it all off by 2014 or 2015.
I guess I should have bought a premium vacation home on Florida with another mortgage, but I’m too busy to look for or use it. Maybe if I bought a condo at a resort destination where it could be rented out and tended to by someone else, that would work. Anyway, I thought new tax laws make it harder to get tax benefits from mortgages now.
Voting lines were super slow today. Mostly because at least 50% of the people didn’t read the state & local initiative text on the ballot on the wall before going into the voting booth. Instead they take 5 minutes to read and decide.
Hint – don’t let NJ borrow even more money ($500m). Make them cut spending instead. Vote No.
In CT, ballot question if we should use transportation fund money only for transportation projects? What idiot votes no on that?
Can always count on you for a good laugh even if it is at my expense. You must have been fun at parties in college.
The Original NJ ExPat says:
November 6, 2018 at 8:26 am
LOL! Hey Pumps – there is a new high speed, drive by image of your house on Google Street view. The garage door is open and there is an economy car inside.
Hahahahaahahahhahahahahaha
Expat thinks he’s hilarious. Betcha he’s the kind of cat people run from at parties….unless he roofies them.
I remember …..blah blah ……Trump is a great leader…..blah blah bah….
Put the retards back in the box folks. Blue Wave today.
Oh and one more thing……ahahahahhahahahahahahhahahah eat my Diiiiick
https://jalopnik.com/the-affordable-supercar-the-ultimate-e46-m3-buyers-gui-1593133171
I voted NO to the new 500 million bond offering.
I also voted Republican because we need a new senator.
Experts, what you guys think about this house…
https://www.trulia.com/p/nj/lyndhurst/107-fern-ave-lyndhurst-nj-07071–2006140242
Not a great school district but have to stay in-town.. Small lot. Good enough house for
a family with 3 kids.. Currently renting. Anybody who can comment who knows the local market here.. What would be a decent offer price in this market or wait til April..
The large incentives given to Foxconn do not require they hire domestic workers evidently.
https://www.wsj.com/articles/foxconn-considers-bringing-chinese-personnel-to-wisconsin-as-u-s-labor-market-tightens-1541505600?mod=hp_lead_pos4
Winning?
NJ Transit owns about 20 acres around Hoboken Terminal. Bring in heavyweight developer, like Related or Lefrak, and build towers of residential and office space. It could become a smaller version of Hudson Yards in Manhattan.
NJ Transit could generate a recurring revenue stream by leading the air rights.
But NJ Transit and state government leaders are probably too incompetent to get anything done.
In case you missed it, the loser in this story is the idiot stalking the moron on google maps. Not the moron:
The Great Pumpkin says:
November 6, 2018 at 10:11 am
Can always count on you for a good laugh even if it is at my expense. You must have been fun at parties in college.
The Original NJ ExPat says:
November 6, 2018 at 8:26 am
LOL! Hey Pumps – there is a new high speed, drive by image of your house on Google Street view. The garage door is open and there is an economy car inside.
Hahahahaahahahhahahahahaha
Communism would ensure the trains worked for the benefit of the people and environment. Not profit or special interests as they do now under capitalism.
“But NJ Transit and state government leaders are probably too incompetent to get anything done.“
Pumps – you would have had a great time if you graduated HS and attended! Your wife was great when she was up here!
Can always count on you for a good laugh even if it is at my expense. You must have been fun at parties in college.
Poor Essex, still lamenting his transition from Harley to girl’s car.
Oh and one more thing……ahahahahhahahahahahahhahahah eat my Diiiiick
https://jalopnik.com/the-affordable-supercar-the-ultimate-e46-m3-buyers-gui-1593133171
Ottoman – I just zillowed Pumps’ house, hoping it was worth less than he paid (it’s actually up in price the equivalent of about two years worth of tax bills) and saw the open garage door when the property came up. Toyota Corollas get good mileage and hold their value, not a bad choice if you are on a budget.
In case you missed it, the loser in this story is the idiot stalking the moron on google maps. Not the moron:
Just like in Greece. The highest paying jobs are state RR jobs and the fare is on the honor system, which means nobody pays.
Communism would ensure the trains worked for the benefit of the people and environment. Not profit or special interests as they do now under capitalism.
Ottoman – I do have to give you credit though, that is a good line. Nicely played.
In case you missed it, the loser in this story is the idiot stalking the moron on google maps. Not the moron
Hmmmm…. Just had a “blue screen” “test” of the emergency alert system on TV. That’s 3AM shit, not 11:30AM shit, right? My guess: Antifa antics tonight.
Should read leasing, not leading, the air rights in my post above.
Something’s up. Second EAS test. This time they cut it short and it had an expiration of 3:16PM today. We usually get those when it is a flash flood or similar alert.
11:11 Oh Puleaze. We’ve been over dat.
11:47 Trump getting ready to declare Martial Law for all points East of Colorado. It’s on people……
I would never buy a Corolla. I hate the people that drive Corollas. They simply can not drive. It’s like the cars attract losers that can’t drive if their life depended on it. I avoid them like the plague on the road. Accidents waiting to happen.
The Original NJ ExPat says:
November 6, 2018 at 11:15 am
Ottoman – I just zillowed Pumps’ house, hoping it was worth less than he paid (it’s actually up in price the equivalent of about two years worth of tax bills) and saw the open garage door when the property came up. Toyota Corollas get good mileage and hold their value, not a bad choice if you are on a budget.
Essex,
Expat calls an M3 a girl’s car because he simply has never had the pleasure of driving one. He is in the woods on this one. That car is a beast.
I would never buy a Corolla. I hate the people that drive Corollas. They simply can not drive. It’s like the cars attract losers that can’t drive if their life depended on it. I avoid them like the plague on the road. Accidents waiting to happen.
Do we really want to get into stereotyping associated with BMW drivers?
Otto finally reveals his true colors. Barely literate, and ignorant and unwilling to accept the evidence from the past 100 years of economic history. A supporter of mass murderers. How many Che Guevarra t-shirts do you keep in you mom’s dresser?
Ottoman says:
November 6, 2018 at 10:59 am
Communism would ensure the trains worked for the benefit of the people and environment. Not profit or special interests as they do now under capitalism
Actually, NJ Transit is probably what the trains would look like under communism. What I find funny is the same people that won’t stop whining about NJ Transit want all these other services provided from New Jersey on top of it.
Pumps,
Where do you track your M3 and what mods have you made? M3’s and similar German Iron never gets driven to its capabilities on a public road, simply not possible. Most buy it for the badge / crest and to impress their friends. Having the money to purchase German Iron is one thing, having the ability to drive it, quite another.
https://www.youtube.com/watch?v=waD5PI6rGv0
Who does your race prep and which M3 do you have? You know what it means in a turn when the tires are squeaking vs cracking?
How many Che Guevarra t-shirts do you keep in you mom’s dresser?
Better question: How many dresses does Otto wear when he’s doing his Mom?
Want NJTransit to run efficiently? Let Norfolk Southern or any other major rail transport company take a crack at running it. Rail freight in this country moves extremely reliably, extremely quickly and at an incredibly low cost.
Of course, the downside is, that they will probably just pile passengers into cowcars a la Nazi Europe.
Turd suffers from cognitive dissonance. One the one hand doesn’t mind the state is turning third world and on the other hand complains about trains that don’t run on time. Gotcha.
We had an 88 mustang boosted to over 700 hp on the dyno. The only way you could legitimately run the thing on the street was with drag radial tires (which were technically street tires by classification). When we put your standard performance tires on it, if you tapped the gas in 1st gear, the tires spun quite often. It was actually a pain to try to drive.
Usually most guys from the sound of the exhaust wouldn’t try to pull crap on you but I did have one fellow in a Porsche with his wife/gf try to obnoxiously pass me on the right in it once. I had 5 or 6 car lengths on him pretty quickly. Looked over to him at the light and you could just see the anger on his face that his 6 figure investment couldn’t beat a rusty old 88 mustang.
Bmw has to be one of the funnest cars to drive out there. Stop acting like I bought the car as a status symbol, and if I did, who gives a crap. I don’t judge people as ignorant for buying status symbols. Status symbols have their place. Image is everything in life, it opens endless doors. Looking like a slob, driving a beater, and presenting an image of failure will hurt a lot of people’s earning potential or business revenue. Marketing 101. True story.
Love the people who look like slobs and drive beaters, yet are successful, and then think everyone else can do the same thing. They just don’t realize how fortunate they are.
Not Pumps says:
November 6, 2018 at 1:07 pm
Pumps,
Where do you track your M3 and what mods have you made? M3’s and similar German Iron never gets driven to its capabilities on a public road, simply not possible. Most buy it for the badge / crest and to impress their friends. Having the money to purchase German Iron is one thing, having the ability to drive it, quite another.
“Image is everything in life”
Pathetic. Drive a beater and find out who your real friends are. Not some sham appearance, littledick
I would say the best thing about driving a bmw is the handling. Nothing like taking a turn going 50 that other cars take at 20. Bmw’s have a unique combination of handling and speed. Just so much fun to drive.
Ahh, good looks and an image of success goes far in opening up doors of opportunity. Don’t hate the playa, hate the game.
Bystander says:
November 6, 2018 at 2:54 pm
“Image is everything in life”
Pathetic. Drive a beater and find out who your real friends are. Not some sham appearance, littledick
I asked an election worker, who was older than the country, how crowded the polls were today? She said she never saw anything like this in her 200-year-old life. Then again, she could be senile.
I voted around 2:30 today. It was quiet in and out in a coyote minutes. The only reason I voted at all was to vote against that scuzz Menendez.
Pretty sure this entire blog hates “the playa”.
Lib,
It will be record. Never seen so much mail material, spam texts, emails in entire voting career. Def making this a popcorn worthy evening.
parking lot full of Subarus or pickup trucks? In general turnout is bad for Republicans I think. Unless you live in a super-Republican town.
All of the left-leaning media I am exposed to seem to be demanding incessantly that people go vote today. Including Google and Facebook.
Imagine the intrigue if we discovered that those two companies mostly displayed that message of “go vote” to people their AI suggested would vote for the “correct” candidates. I’m an individual rights guy and don’t want to mess with freedom of speech. But it’s interesting that there’s more “go vote” propaganda at this midterm than I’ve ever seen before.
Some financial companies frown on employees driving expensive cars. Youd be surprised people’s reaction when you drive a BMW while losing their money.
And the postcard got bigger each day. Can’t wait to see whats in my mail box when I get home.
” Youd be surprised people’s reaction when you drive a BMW while losing their money.”
Worse yet. My plumber in his yellow Lamborghini. I couldn’t wait to see THAT bill.
“NJ Transit owns about 20 acres around Hoboken Terminal. Bring in heavyweight developer, like Related or Lefrak, and build towers of residential and office space. It could become a smaller version of Hudson Yards in Manhattan. ”
Yeah do that. In the middle of what is primarily a flood plain with an antiquated sewage system. Sounds like a top notch plan. No problems there.
Civil engineering can prevent flood and sewage problems. To get Hoboken pols onside, have the Hoboken Terminal developer fix Hoboken storm water management system.
Lefrak’s Battery Park City and Newport developments survived Sandy with a minimum of fuss.
Q. What’s the difference between a porcupine and a BMW?
A. Porcupines have the pricks on the outside.
I guess if you have no formal education or actual success…
Ahh, good looks and an image of success goes far in opening up doors of opportunity. Don’t hate the playa, hate the game.
When you live to impress others, you really need to work hard on these dialogues..
What Next, You bought the highway house because your BMW is the only one which can make a 90 degree turn from the highway to you driveway without causing an accident ??
The Great Pumpkin says:
November 6, 2018 at 2:54 pm
I would say the best thing about driving a bmw is the handling. Nothing like taking a turn going 50 that other cars take at 20. Bmw’s have a unique combination of handling and speed. Just so much fun to drive.
For sure, most do. I’m not a fan either.
It’s like the “playa” in the relationship world . All the girls claim to hate the “playa,” yet they all jump at an invitation to play the game with the “playa.” They then cry afterwards about how much they hate the “playa.” The “playa” in the business world is no different. Everyone hates them, but the minute the “playa” invites you to play, you jump at the opportunity to play and then cry about it afterwards. It is what is.
Bystander says:
November 6, 2018 at 3:36 pm
Pretty sure this entire blog hates “the playa”.
You are just a hater.
Haven’t you learned anything from the great JJ on these boards?
Your boy trump who hijacked your party is exactly the guy I describing. All about the image to make a sale and close the deal.
The Original NJ ExPat says:
November 6, 2018 at 4:50 pm
I guess if you have no formal education or actual success…
Impressing others? Did it ever occur to you that the BMW became a top notch brand because they put out a product that looks sweet and drives like a “teenage boy’s wet dream” at a level of sophistication that few can pull off.
I was 25 when I bought the car brand new. Why the hell do you think I bought it? It’s not an old man’s car. The older people that buy it are young at heart and know how to grab life by the horns and live it up. Simple as that.
NoBeemer says:
November 6, 2018 at 4:51 pm
When you live to impress others, you really need to work hard on these dialogues..
What Next, You bought the highway house because your BMW is the only one which can make a 90 degree turn from the highway to you driveway without causing an accident ??
“For sure, most do. I’m not a fan either.”
Hah, hah. Jesus, you are thick. You hate yourself too? Not surprised, dolt.
You guys are all whiny c@nts. BMW pfffft . Nobody f@ckung cares. Drive what you want cum guzzlers.
What’s the chances of Menedez getting voted out? I voted for Webber too, but prob no shot in hell he wins in that race. Voted no to the borrowing ballot.
Simple is as simple does.
Essex drives a girls car and thinks he’s not a cunt. Interesting.
^^^ waaaaaaa does that make you sad little man^^^^^^
It’s pretty amazing that 600,000 people voted for a man who the democrats tried to send to jail.
I can understand almost any other politician but really Menedez? That is just an indictment of our political process that basically a man who really should be in prison is winning re-election. The people in this state really are that stupid…..
They need to reinstate the literacy test and the requirement to own property to vote….
Down in Orlando for the week, did not vote if Menendez wins by one vote then I am to blame, me and my tan don’t care since the weather has been awesome..
how many dead people voted for Menedez?
Looks like Democrats are going to narrowly take the House. Be careful what you wish for? Two years of whack jobs like Pelosi, Waters, and Nadler going off the deep end and you’ve pretty much guarantee Trump’s reelection and a swing right back to the Republicans.
These kids need to be smacked in the face by reality.
https://www.nj.com/expo/news/erry-2018/11/878b8c9ea37345/young-people-arent-all-lazy-no.html
^^^oh look s dumbassss
Illegals are still voting in US elections. This is a travesty…
https://www.youtube.com/watch?v=veE5-O6wACw
was that a Blue wave or just a little wetness under my taint…..? Who knows.
Certainly was blue wave in NJ, NY, PA. Staten Island turning blue was surprise. Senate flip was never going to happen. In all, about as expected. I think it just solidifies that Northeast voted on prop tax cap which hurt many people as well as white collar economy not so strong compared to hourly workers in red States.
Well said By. Trumps idiocy and need to get back at the blue team probably cost him house control.